"Dumb" Redneck
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From: Tulsa, OK
Originally Posted by magician,Jan 4 2011, 06:19 PM
Speaking of rednecks and sports cars . . .
In December, 1978, I drove from Orange County, CA to Cincinnati, OH for a Christmastime reunion for my mom's family; I was driving a '77 Porsche 911S. I stopped for gas in Oklahoma City, and when I went inside to pay, one of the mechancs asked, "That thing a Porsch?" (One syllable: not a misspelling.)
"It's a Porsche," I replied.
"Well, I kinda thought it was. My brother has a Mercury flathead and he raced a Porsch once. Kept up with it till about 120."
In December, 1978, I drove from Orange County, CA to Cincinnati, OH for a Christmastime reunion for my mom's family; I was driving a '77 Porsche 911S. I stopped for gas in Oklahoma City, and when I went inside to pay, one of the mechancs asked, "That thing a Porsch?" (One syllable: not a misspelling.)
"It's a Porsche," I replied.
"Well, I kinda thought it was. My brother has a Mercury flathead and he raced a Porsch once. Kept up with it till about 120."
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From: Georgia
Same thing as pronouncing Murcielago. It's a five syllable word, not four. Redneck is a lifestyle that you're born into, not knowing porsche is pronounced por-sha doesn't make you one. Most people just aren't into cars as much as we are.
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From: Bloomington
Originally Posted by rich85tpi,Jan 4 2011, 05:50 PM
A Redneck from Alabama walked into a bank in New York City and asked for the
loan officer. He told the loan officer that he was going to Paris for an
international redneck festival for two weeks and needed to borrow $5,000 and
that he was not a depositor of the bank.
The bank officer told him that the bank would need some form of security for
the loan, so the Redneck handed over the keys to a new Ferrari. The car was
parked on the street in front of the bank. The Redneck produced the title
and everything checked out. The loan officer agreed to hold the car as
collateral for the loan and apologized for having to charge 12% interest.
Later, the bank's president and its officers all enjoyed a good laugh at the
Redneck from the south for using a $250,000 Ferrari as collateral for a
$5,000.loan. An employee of the bank then drove the Ferrari into the bank's
private underground garage and parked it.
Two weeks later, the Redneck returned, repaid the $5,000 and the interest of
$23.07. The loan officer said, "Sir, we are very happy to have had your
business and this transaction has worked out very nicely, but we are a
little puzzled. While you were away, we checked you out on Dunn & Bradstreet
and found that you are a Distinguished Alumni from Auburn University, a
highly sophisticated investor and Multi-Millionaire with real estate and
financial interests all over the world. Your investments include a large
number of wind turbines around Sweetwater,Texas. What puzzles us is, why
would you bother to borrow $5,000?
The good 'ole Alabama boy replied, "Where else in New York City can I park
my car for two weeks for only $23.07 and expect it to be there when I
return?"
loan officer. He told the loan officer that he was going to Paris for an
international redneck festival for two weeks and needed to borrow $5,000 and
that he was not a depositor of the bank.
The bank officer told him that the bank would need some form of security for
the loan, so the Redneck handed over the keys to a new Ferrari. The car was
parked on the street in front of the bank. The Redneck produced the title
and everything checked out. The loan officer agreed to hold the car as
collateral for the loan and apologized for having to charge 12% interest.
Later, the bank's president and its officers all enjoyed a good laugh at the
Redneck from the south for using a $250,000 Ferrari as collateral for a
$5,000.loan. An employee of the bank then drove the Ferrari into the bank's
private underground garage and parked it.
Two weeks later, the Redneck returned, repaid the $5,000 and the interest of
$23.07. The loan officer said, "Sir, we are very happy to have had your
business and this transaction has worked out very nicely, but we are a
little puzzled. While you were away, we checked you out on Dunn & Bradstreet
and found that you are a Distinguished Alumni from Auburn University, a
highly sophisticated investor and Multi-Millionaire with real estate and
financial interests all over the world. Your investments include a large
number of wind turbines around Sweetwater,Texas. What puzzles us is, why
would you bother to borrow $5,000?
The good 'ole Alabama boy replied, "Where else in New York City can I park
my car for two weeks for only $23.07 and expect it to be there when I
return?"
A simple 12% interest would be 600. That should have said 12% interest compounded monthly. Don't have a calculator with me but that seems to be more correct.
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Originally Posted by MeTh222,Jan 5 2011, 08:39 AM
I don't get how 12% interest on a 5,000 loan is 23.07.
A simple 12% interest would be 600. That should have said 12% interest compounded monthly. Don't have a calculator with me but that seems to be more correct.
A simple 12% interest would be 600. That should have said 12% interest compounded monthly. Don't have a calculator with me but that seems to be more correct.
He only borrowed the money for two weeks.
Depending on roundoff he either owed 23.07 or 23.08